Professional Indemnity insurance cover

Re: No

In other words, as Xogg has just said, you require cover for the company and yourself in the same policy.

Just remember that fortunate building surveyor who was sued by the end client because the estate agent he'd worked for had gone bust...

Only cost him £40k...

No

Not so wageslave. In a case of negligence the person responsible for actually doing the work can be sued personally.

Hard to see how it applies to most contract work as any client with any sort of sense will have some proper system of V&V. If the error was so subtle the checks did not spot it, it is would be hard to call it negligence.

actually here it's more a case of the agency demanding I get it.

Damn telcom clients! Try working in government; they don't know such schemes even exist. Government really is a fantastic place to perfect the noble art of blagging.

I think they can pursue you as a Director of the Ltd Co in theory but even if they got your house off you I doubt it would be worth their while

Probably I'm being naive, but I thought the purpose of a ltd was that you aren't liable if it all goes pear shaped?

actually here it's more a case of the agency demanding I get it.

I think they can pursue you as a Director of the Ltd Co in theory but even if they got your house off you I doubt it would be worth their while. I very much doubt it would be feasible for them to blame you ( and win in court ) for some s/w disaster caused by a piece of code they had failed to test properly !

If the thick stuff really hits the fan and legal action looks likely, why not close the old ltd and start a new one? Provided you have signed the contracts as an employee of the ltd you should be okay.

thanks guys

£245 pa...

I've never had any forms of insurance, theorising that nobody will sue you if there is no decent amount of money on offer. This is how everybody I know deals with this issue but it may not the best approach these days !? I guess it is possible that the likes of EDS or similar could pursue you as a Director of your Ltd Co if you were involved in a @#%$ up and they were looking to shift the blame. I'm sure it wouldn't be worth their while financially but as a political exercise on a big contract for them maybe ?

Check this link out for an online quote
Our Contractor Insurances provider

As a matter of interest, how much are you people paying for your PI Cover? What is a decent price for, say, a £1m cover?

Thanks

Rebecca



Admin note: professional indemnity insurance and public liability insurance available here :-)